Iraq, Jordan and Egypt agree Energy Projects

By John Lee.

Egypt's President Abdel Fattah al-Sisi and Jordan's King Abdullah arrived in Baghdad on Sunday for a fresh round of talks aimed at strengthening cooperation between the countries.

It is the first visit by an Egyptian head of state to Iraq since Iraq's invasion of Kuwait in 1990.

The leaders agreed on the importance of the electrical interconnector project between the three countries, and linking the gas transmission networks between Iraq and Egypt through Jordan.

They also pushed for the completion of the Basra-Aqaba crude oil pipeline, which will provide a new outlet for the export of Iraqi oil through Jordan.

(Source: Govt of Iraq)

The post Iraq, Jordan and Egypt agree Energy Projects first appeared on Iraq Business News.

Basra-Aqaba Pipeline may be extended into Egypt

By John Lee.

Iraqi and Egyptian officials have discussed the possibility of extending the Basra-Aqaba pipeline to Egypt.

The matter was discussed at a meeting on Wednesday between Iraq's Oil Minister Ihssan Abdul-Jabbar Ismail the Egyptian Ambassador to Iraq.

A press release after the meeting said that extending the pipeline into Egypt would be "an important addition and a new outlet for Iraqi oil exports to North Africa".

(Source: Ministry of Oil)

The post Basra-Aqaba Pipeline may be extended into Egypt first appeared on Iraq Business News.

Russian Oil Firm to Finance Nassiriyah Development

By John Lee.

The Dhi Qar Oil Company (DQOC) has reportedly said that Litasco, the international marketing and trading company of Russia's LUKOIL, will finance the doubling of capacity at the Nassiriyah oil field from 100,000 barrels per day (bpd) t0 200,000 bpd.

The project includes a 42-kilometer pipeline, and will be a joint venture between the State Company for Oil Projects (SCOP) and Italy's Progetti.

(Source: Shafaq)

The post Russian Oil Firm to Finance Nassiriyah Development first appeared on Iraq Business News.

Recon Wins Contract at Garraf Oilfield

China's Recon Technology has announced that it has signed a $2.8-million engineering and construction service subcontract with Grand Energy Development Limited on a heavy oil transportation system project (the "Project") at the Garraf oilfield in Iraq for the services that Recon has provided.

Pursuant to the subcontract, Recon shall carry out all the engineering design services, provide the technical support to the procurement, construction, commissioning activities and provide the training services of the heavy oil transportation system project.

Garraf oilfield is located in the province of Thi Qar, Iraq, approximately 5km north-west of Al-Refaei city and 85km north of Nasiriya city. The oilfield is 17.5km long and 5.5km wide. It is estimated to hold 1.3 billion barrels of oil reserves.

Based on the Final Development Plan approved by the Government of Iraq in 2018, the oilfield is undergoing further development in stages to achieve crude oil production of 230,000 barrels per day by the end of 2020.

As part of the Project, the heavy oil pipeline with a total intended capacity of 275,000 barrels per day will be built to support the Garraf production target. By providing the services under the Project, Recon has played an important role in building the heavy oil pipeline.

Shenping Yin, co-founder and CEO of Recon said:

"With advanced technique and wide experiences in the automation and digitalization of oil and gas industry, Recon has a relatively competitive advantage in the engineering design and construction businesses in oilfield segment.

"With the successful completion of the project, we expect to construct more oilfield projects and hope to help more oilfields reduce costs and maintain yields at a healthy level in the near future."

Recon Technology, Ltd. (RCON) is China's first non-state-owned oil and gas field service company listed on NASDAQ.

(Source: Recon)

Iraq seeks bids for Iraq-Jordan Oil Pipeline

By John Lee.

Iraq’s Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline.

The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and financing (EPCF) contract model.

The second phase, on the Jordanian side, will run 900 km from Haditha to the port of Aqaba. This section will be built on a Build Own Operate Transfer (BOOT) model.

Bids will be accepted from qualified companies up to the end of May, with a decision to be made by the end of 2020.

(Source: Ministry of Oil)

Iraq Buys More Pipes from Turkey

By John Lee.

Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.

According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.

(Source: S&P Global Platts)

Iraq Buys More Pipes from Turkey

By John Lee.

Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.

According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.

(Source: S&P Global Platts)

New Pipeline to Transport Iraqi Oil to Turkey

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News

New pipeline in works to transport Iraqi oil to Turkey

Ankara and Baghdad are working toward building a new oil pipeline with the capacity to transport one million barrels per day from Iraq’s Kirkuk fields to the Turkish border.

“The Iraqi government is now examining tenders for the new oil pipeline between Iraqi and Turkey, after having finished with the engineering and technical studies,” Iraqi Ministry of Oil spokesperson Assem Jihad told Al-Monitor recently.

He added that construction will probably get underway in 2020.

Click here to read the full story.

Video: New Iraqi Oil Pipeline via Jordan

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Iraq is planning to build a new oil pipeline to Jordan which it is banking on to revive revenue sources, after years of war and instability.

In addition to expanding refineries and oil fields, Iraq is also planning to rehabilitate a pipeline via Turkey.

But it is not the first time Iraqis have heard plans like these and many say they will believe it when they see some change in their lives.

Al Jazeera’s Osama Bin Javaid visited Basra refinery in the third part of his series on Iraq’s energy sector:

Iraq plans New Oil Export Pipelines

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News

Iraq plans to launch pipelines to export oil through Jordan, Syria

As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.

Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”

Click here to read the full story.